| Index | Santa Fe Springs | California | National |
| Cost of living | 151 | 141 | 100 |
| Groceries | 113 | 111 | 100 |
| Health care | 113 | 116 | 100 |
| Housing | 229 | 197 | 100 |
| Transportation | 117 | 118 | 100 |
| Utilities | 119 | 119 | 100 |
| Lifestyle & Entertainment | 122 | 120 | 100 |
| Household Items | 111 | 111 | 100 |
| Education & Childcare | 131 | 127 | 100 |
Getting a feel for the cost of living in Santa Fe Springs is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Santa Fe Springs is 151, which is 51% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you're in pursuit of an economical living environment, Santa Fe Springs may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Santa Fe Springs falls within this bracket.
When it comes to the cost of living in Santa Fe Springs, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 129.1% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
The routine items you regularly buy for your home, such as cleaning supplies, personal care products, clothing basics, and kitchen essentials, make up 8% of the cost of living index. In Santa Fe Springs, these items cost 10.6% more than the national average, making day-to-day living a bit more expensive.
The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Santa Fe Springs is even less favorable, with grocery prices here being 12.7% higher than the national average.
Is Santa Fe Springs affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Santa Fe Springs, the median home price is 160.3% higher than the national average and monthly rent prices are 56.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Santa Fe Springs boasting a median household income of $104,282, 28.2% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Santa Fe Springs, the groceries index is 12.7% higher than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.
The Santa Fe Springs cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $136,629 | $11,386 | $3,188 | $4,099 |
| Renters | $65,701 | $5,475 | $1,533 | $1,971 |
| State | General Sales Tax | With Max Surtax |
| California | 7.25% | 10.5% |
| State | Income Tax (Low) | Income Tax (High) |
| California | 1% | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Vernon, CA | 254 | 117 | 16.8% |
| Willowbrook, CA | 25,347 | 136 | 36.0% |
| East Rancho Dominguez, CA | 15,765 | 136 | 36.3% |
| Florence-Graham, CA | 66,603 | 138 | 38.2% |
| Compton, CA | 98,731 | 139 | 38.7% |
| Santa Fe Springs, CA | 18,267 | 151 | 50.8% |
| City | Population | Cost of Living Index | National Avg. |
| Alton, TX | 18,261 | 86 | 14.5% |
| Wisconsin Rapids, WI | 18,260 | 86 | 13.5% |
| Ocean Springs, MS | 18,287 | 96 | 3.6% |
| Maitland, FL | 18,243 | 134 | 33.7% |
| Natchitoches, LA | 18,243 | 94 | 6.3% |
| Santa Fe Springs, CA | 18,267 | 151 | 50.8% |
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